QUESTION: Why does Label S - "Purchases and other costs" in the Financial Information of CTR includes the Closing Stock?

SUGGESTED ANSWER: Label S - "Purchases and other costs"  in Financial Information of CTR is the total of Cost of Good Sold (Opening Stock+Purchases-Closing Stock) from the imported financials. 

ATO related link: https://www.ato.gov.au/forms-and-instructions/company-tax-return-2025-instructions/instructions-to-complete-the-company-tax-return-2025/items-6-to-14/8-financial-and-other-information


FAQ:

Q: What items is flowing in 8S of CTR Form

A: Field "8S Purchases and other costs" is filled from these accounts.
According to the ATO Company tax return instructions for Item 8 (Financial and other information), Label S represents 'Purchases and other costs'. The specific text and rules for completing this label are as follows:
  • General Rule: You must write at Label S the cost of direct materials used for manufacture, sale, or exchange in deriving the gross proceeds or earnings of the business.
  • Freight Inwards: The amount reported at this label includes freight inwards.
  • New Business Opening Stock: If a business commenced operations during the income year, do not include any amount representing opening stock under Label 8A (Opening stock). Instead, you must include that amount at Label S (Purchases and other costs) under Item 8.

On my reading, 8S Purchases and other costs is essentials COGS + freight & other directly attributable costs.